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at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
that window was big enough and right in time for the shuttle to take off today. >> chad, same kind of rules apply, weather standards for the landing that's coming in 12 days? >> a little bit even -- i would say a little bit more conditional on the rain factor because it's a bigger circle. right now all we had to do was shoot this thing straight up. when we land this thing it has to be very dry. you can't have showers around it. think of a dry day in florida in the summertime. you have to go up edwards, one time to white sands but you cannot fly the shuttle because it's screaming hot. thousands of degrees, you can't bly that through a rain shower. the criteria more tense, harder to get through to land this thing back here at kennedy, but they have a big time -- they're going to have a big-time party when this thing finally does come back here. >> chad myers, appreciate that breakdown. good to see you, as always. thanks to our john zarrella. eight minutes past the hour. >>> sound effect is the u.s. labor market sputtering to a virtual standstill. as you know by now, the economy added just 18,
: it is a huge moment for u.s. women's soccer. can they beat back france today? that is the big question. you know what? so many people around the world, as well as people watching them in germany, are actually rooting and cheering for the u.s. they are the favorites to win the world cup. i mean, they just had an incredible performance. you know? here you see them practicing. they had this incredible match against brazil and in the last minute, they scored a goal and then ended up winning on penalty shoot-outs. everyone is still buzzing about how i credible it was. so the question is can they pull it off today? and what many people are saying is that they have got the fitness, they have got the never say die attitude and they hope that they can manage it today. you know, they are very fit and the french have to work their da derrieres off today. >> i think they all will be working their derrieres off. what do you think? you've been watching this closely. >> you've got germany out. that was a huge team and the favorites to win the competition in germany. they got booted out. the brazilians, a
'll hear secrets from the set. you'll see how the wizarding world was brought to the big screen. we'll even show you an exclusive never-before-scene clip of the final movie just days before it open. first a look back on how it all began. >> be safe. be strong. >> reporter: harry potter. the boy who lived, faces his biggest challenge yet. a final showdown with the dark lord and an epic battle ten years in the making. >> the last harry potter. how's that feel? >> you know, very, very strange, considering we've done it for ten years. but it's also a wonderful feeling of achievement and particularly i'm very, very proud of this last film and i think it's the best out of all of them, i think, and you know, i'm very, very excited. >> also excited, the millions of harry potter fans around the world who have been waiting years for this if a nail. >> from what i could see just shooting it, i knew it was -- pretty epic. it's -- i think we -- we do it justice. i definitely -- yeah, we do. >> now, join me, harry, and confront your fate. >> very serious. rising again and really quite disturbing. we're l
and hang seng closed down. let's go to kristie lu stout. what's the big headline this morning, kristie it's all a ar w rows down. the yen soon as a safe haven continues to rise. meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well bei
his bid for re-election as attorney general of ohio. there he was a credit of big banks in general and mass foreclosures, and he had a winning streak on a game show. what is the consumer financial protection bureau? it aims to put a stop to predatory lending. it will keep an eye on credit card fees and student loans and keep an ear on consumer complaints. because a whole lot of centers don't like the bureau, the confirmation could be, dare i say, in jeopardy. dan, tell us first why this nomination is not going to elizabeth warren? >> reporter: well, certainly the white house saw her as somebody that could set up the agency and had hoped that she was the person who could potentially lead the agency, but as you pointed out this was somebody who was controversial and ran up against conservatives that would not support her nomination. and one official telling me republicans in congress made clear that they don't support the agency, and they would block all efforts to confirm elizabeth warren as the permanent director. while she was somebody that essentially invented this agency, got it
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
's right. you know, the big point of contention yesterday was with house majority leader eric cantor pushing for this short-term deal or a series of short-term deals. the president, according to democratic sources familiar with the talks, made it clear that that is something he does not support and something he would veto. the president has, for the last few days, and certainly weeks as well, been pushing for the biggest deal possible where it it seemed to get some support. of late, it has not. the president believing if you start talking about the short-term deals, you run into the political season where you negotiate the things all over again. if you can't get this done now, how will you get this done in the thick of the political season? tense discussions yesterday. the president agitated and believing that republicans are using the debt talks to make political points. the president making the point, according to those inside the meeting, that this kind of atmosphere just confirms some of the worst fears that americans have about the way washington works. >> well, yeah. the way wa
event, with family and friends. it could be weeks before we know how the 27-year-old died. her big comeback last month didn't go so well. hln's dr. drew said that she needed more time outside of the spotlight to get her life together. >> what they need to do is drop out and not worry about their job. if many months or years before they return to something like touring for a musical performance. >> okay, let's talk quickly about the suspect in the norway killings, anders behring breivik. he reportedly admitted that he carried out friday rampage. he claimed that the attacks were necessary to combat the colonization of norway. he said that his son must be mentally ill. >> translator: i'll never have more contact with him. in my darkest moments. whether than killing those kids, he should have taken his own life. >>> now i'm going to put a monster sum on the money on the screen and i'm going to use the viewer discretion line. because the figure is shock ingly big. $130 billion. roughly the gross domestic product of new zealand. it's the amount of u.s. businesses will spend this year dur
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *รก with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
. they do, however, believe she's no longer in central florida. when she left the jail, you saw the big crowds there. there were people yelling "killer" in that crowd as she got into the suv and left. there is a great deal of emotion still unresolved around this case. we saw a lot of people getting together who were doing something peaceful with those emotions over the weekend. they went to the site where caylee anthony's body was discovered and held a march from that site to the anthony home. all to remember the child whose death started all of this. it was a very solemn occasion. a lot of people walking in the street. at one point it was reported there were cars lined up on the road about a half mile long of people just parking on the roadside going into those woods where her body was discovered to go to that spot and remember that little girl. again, a great deal of emotion. people trying to process all of this on their own. but casey anthony at the moment is still staying out of the public eye even though she has a lot of legal entanglements she will still have to address in the mon
'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. president obama making it clear with 23 days to go befor
and we did receive a report of one fatality. >> pamela, christine here, how big is the area the researchers are searching and what are they dealing with in terms of conditions and weather there? >> the coast guard hasn't left yet. we're waiting for the sun to come up before we conduct a search. when we do, we will conduct a thorough and exhaustive search of the area, we cover hundreds of square miles of water and we'll be doing that as soon as the sun comes up. >> do we know any -- any sense of this vessel, you told us 100 foot fishing vessel, is its weather that caused it to capsize? >> yes, ali. we received a report that they had hit some rough weather on sunday morning and the boat had capsized and sank almost immediately. the vessel was close enough to shore where some people were actually able it to swim to shore and they had to notify authorities when they got on land. >> petty office ser pamela bailen, we'll check in with you later. >>> former serb commander ratko mladic kicked out of court this morning. the judge removing mladic from the chambers after multiple disru
. one of the things that they're considering is blocking this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is
. it is friday, july 8th. a big day for the shuttle program. >> for the shuttle program, the jobs report here in the u.s., but the shuttle program because that is the history-making event of the day, we hope. ali velshi at kennedy space center where they're fueled up, ready to go, but we'll see if it happens. >> they are ready to go. we know there's going to be a lot of news one way or the other. we are live at kennedy space center here in florida. the counting down, the hours. you can see it there the countdown clock hasn't started going. this is the countdown to the last launch ever of the space shuttle "atlantis," last launch ever of a space shuttle. it is truly the end of an amazing era. four astronauts will make history today. 1 million people from around the world are expected to gather in the greater area here to witness it. if the weather holds out. they're ready to go in case the shuttle takes off. of the people on the shuttle only 355 of the very elite have flown the shuttle in its 30-year history. we'll be bringing you every step of the final four astronauts, the steps that they ta
have budget sate h savings of $500 million. -- $500 billion. also it calls for big changes to medicare and social security. >> i think at the end of the day, what the overwhelming majority of americans are saying, fix this. and if it takes a little compromise from both. >> but the is plan faces a harsh reality. tough procedural obstacles means the proposal won't be ready ahead of the august 2 debt ceiling deadline. and a key block of conservatives is already saying no way. >> we know it's going to hurt job creation. we know it's bad for small businesses. we're not going to go for this type of plan. >> with time running out, harry reid, who is still work on a fall back plan with mitch mcconnell says he's now waiting for a signal from house gop leaders. >> we have a plan to go forward over here, but until we hear from the house of representatives, we really are -- all of our work here would be for not. >> now there is also talk of folding elements of the gang of six plan into this so-called fallback plan being worked out between senators reid and senator mitch mcconnell. but it's not eve
the arrest of rebekah brooks. she's out on bail right now, but her arrest over the weekend a big surprise. >> reporter: yeah. i mean, she was -- the length that she was detained for was incredible as well. 12 hours she spent -- more than 12 hours in a police station in london answering questions, and she wasle only released around midnight last night local time. so that was a huge development in this. she's out on police bail now, but that doesn't mean she's excused from appearing before a committee of mps tomorrow london time. she's still going to turn up and be careful about what she says, and the politicians are going to have to be careful about what they ask her as well. there could be a trial down the track if she's charged, and therefore they're going to make sure under the rules here that they don't sort of prejudice any forthcoming trial. nevertheless i think she's going to get a pretty tough interrogation at the hands of politicians as will her former bosses rupert and james murdoch who appear now separately from her before the same committee tomorrow afternoon. >> dan, let me as
. >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> jack cafferty is here with the cafferty file now. people can watch you stream on a mobile device, an ipad, jack. this is great. >> i have no idea what that means. but i'll trust you. >> it's really good. >> republican congresswoman michele bachmann is a rising star of sorts in a lacklustre to say the least field of gop candidates who hope to challenge president obama next year. bachmann came out on top in three separate polls of likely iowa republican voters last week. go figure. my shael bhaukman's husband marc marcus runs a christian counseling business. former clients say he encourages homosexual patients to try to change their sexual orientation, or at least oppress it. it's called pray away the gay. in an interview, marcus bachm
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
. the scandal now spanning across the atlantic and claiming its first big victim on this "american morning." >>> and good morning. welcome, everybody. it is friday, july 15th. i'm soledad o'brien. you are watching snoonk kiran is off, christine is off, welcome soledad. good to see you. >> thank you. we have a lot to do today. let's get right to it. serious new pressure on rupert murdock and his global media empire. the justice department says it's now investigating the claims that one of its tabloids tried to hack 9/11 victims' phones. a report in another british tabloid, "the mirror" quoting a source who says "news of the world," the newspaper which folded under the pressure of the hacking scandal, hired an investigator to try to tap the phones. now lawmakers, law enforcement, and 9/11 families are all demanding the truth. >> susan candiotti following the latest for us on this and breaking, one casualty of the news international, rebekah brooks has resigned. >> the question is, does this mean that the walls are crumbling at news corp. it's too early to say, bulls this is a crack in the wa
questions. on the one hand, he loses a day and there are only six days to go. so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
.s. is withholding $800 million in military aid to pakistan, a big sign that tensions are growing behind the two countries. our senior state department producer elise is covering this for us. elise, this is about one-third, one-third of the military aid the u.s. gives pakistan annually. why this move and why now? >> that's right, don. part pressure to get pakistan to do more. part retaliation because pakist pakistan threw out a lot of army trainers after the u.s. killed osama bin laden. it's because they threw out these trainers they can't have this aid because you really comes as a package deal. u.s. personnel on the ground. you have to play, if you want us to pay, don. >> so, elise, how serious is this riff between afghanistan and islam bad? >> it's gradually decreasing. a lot for fit for tat and what is going to happen next now that the u.s. reduced this aid. what are the pakistanis going to do? the u.s. is already very concerned that it can't trust the pakistani military and the pakistani intelligence with the information they're giving them about the milmilitants. so, a big concern right no
? >> reporter: i think it's a step in the right direction in terms of reaching a compromise. the big question remains while we have heard that harry reid signed off on the deal, where do republicans -- the key republican negotiators in this whole deal, where do they stand on the issue? in the house as well as in the senate. well, we're still obviously looking to get guidance on that. we have heard from one top senate republican leadership aide who said at least -- at least right now they're not there yet saying the agreement is not done and that they're still working on it. so it seems that while harry reid, he's onboard. seems at least for the part of senate republicans, seems there needs to be a little more work to be done before -- to get them onboard as well. >> okay. a little more work. do you have any idea about the timing? or we just don't know? it happens when it happens? >> to be honest, i don't think anyone really knows about the timing. this story has changed from moment to moment. it's very fluid. it's always the question, i promise you, it's the question that we've been asking ev
. but they seem to be quite optimistic they're moving towards something and a big endorsement, this earlier today from the top negotiator democrat in the senate, harry reid. a lot of moving parts. trying to get a hold on t. and talk about republicans. do we know where they stand on the approval of this deal? >> reporter: yeah. that is a big question, because the house republicans, you saw just how hard it was for the house republican leadership to get their own bill through the house, and to get their own members onboard for this deal. talking about a compromise, you can only guess that might be even a tougher sale, possibly. we haven't heard yet from house speaker john boehner or house leadership and where they stand on things. we know, though, however, we are told by a top senate republican leadership aide that they're not there yet and still working. so it seems like they're still working on the deal. clearly, not at a place harry reid is at this point and that's a big question of where are republicans going to stand on this? are they going to endorse it and what their issues are with it. don?
not have been legally binding, but a big slap in the face. before that debate in the building behind me was about to get under way, the news core itself announced that they were holding their hands up and saying, look, we're not going to go ahead with this. an amazing u-turn from murdoch in the face of unprecedented. they said it's a victory for people up and down the land. they are all relieved for the minute that they don't have to make that decision in government, because that was going to be a very awkward moment when they had to decide one way or the other whether that could be approved. that has been taken off the table. the story is not over, though. the police investigation continues. there may be more arrests and maybe more fallout and maybe more allegations, and it's a global story now. there's talk about, you know, looking at whether they hacked into victim's of 9/11 in the u.s., and threats from a u.s. senator, jay rockefeller as well, and there is not confined to the uk now. >> the whole reason this broke is because of the voice mail that was hacked, the voice mail that bel
into phone hacks and bribes to the police. >>> some of the other big stories we're keeping an eye on. we are learning president obama plans to meet with house and senate democratic leadership this afternoon at the white house. 2:50 p.m., to be exact. this all because we're less than two weeks away from the federal government defaulting on its obligations, and congress has yet to work out a deal. president obama's debt-cutting plan can't pass the house and the plan from house republicans can't pass the senate. house speaker john boehner reiterated tuesday that default is not in the cards. and also on tuesday, the so-called gang of six unveiled their plans. it was called, quote, more plan to have a plan. republicans are united against any tax increases, and democrats are against inentitlement reform. >>> american airlines is replacing its fleet with hundreds of new planes from boeings and airbuses. the new aircraft order will replace the fleet with more fuel efficient planes. it calls for 460 planes. boeing says the new planes are 5% more fuel efficient than older generations that were bui
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
to meet with the president if he is really willing to do something big for the country. >> all right. again, it's ask obama. that's the hash tag you are supposed to use. these tweets, thousands and thousands of them are pouring in. it gets going in an hour. these are all you are seeing in real time behind me right now. again, the president responding to your questions, and one coming in on twitter at his twitter town hall at the top of the next hour. >>> this hour's sound affect is the first victory of the 2018 winter olympics. the decision on where to hold them. >> the international olympic committee has the honor of announcing that the winter olympic games in 2018 are awarded to the city of -- pyengchang. >> well, after losing the 2010 games and the 2014 games to russia, and they pulled ahead to play post to the 2018 games. south korea never hosted a winter olympics. and seoul had the games in '88. >>> other stories we're keeping a close eye on. a facebook event that is expected at any moment and expected to be awesome. room nuumors have been swirlinge internet, to a video chat ser
. is that realistic at this point. >> well, in terms of getting that big agreement, it looks highly unlikely at this point, but certainly as you pointed out, the president joking that his campaign was built on hope and change. it will be interesting to see if that hope will also win out in this debate. but, look, what the president is pushing for still is the biggest deal possible. he acknowledged, though, that it's hard to do that, but nonetheless, he has been telling congressional lawmakers during negotiations all this week that if they can't get the biggest deal possible to attack the problem of the debt and the deficit over the long term, then they should still be ambitious. >> we are obviously running out of time, and so what i have said to the members of congress is that, you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can think about and show me a plan in terms of what you're doing for deficit and debt reduction. if they show me a serious plan, i am ready to move. even if it requires some
into a full-time job and eventually led to her relationship with murdoch. >>> now to potentially big, big news in washington. debt talks, big news and a very significant step forward today, says president obama, just a short time ago. the president announced the so-called senate gang of six made of members from both parties has floated this new proposal that he, the president, can work with. the bipartisan group had thrown in the towel, ditched an earlier effort to find a debt reduction package okay to both parties and now at this late date 14 days until a potential government default. they're back with a plan that the president says includes deep spending cuts and, yes, also includes tax increases. here's the president. >> here's where we stand. we have a democratic president, an administration that is prepared to sign a tough package that includes both spending cuts, modifications to social security, medicaid, and medicare that would strengthen those systems and allow them to move forward and would include a revenue component. we now have a bipartisan group of senators who agree with that ba
our fiscal house in order, they say, and they want big spending cuts in exchange for raising the debt ceiling. i will say, though, house republican leaders, they seem to at least be publicly more open to the idea. john boehner, the house speaker, even saying yesterday that he thinks mitch mcconnell has done very good work. we've also heard from some democrats, suzanne, that they seem to be open to the idea as well. one important point to make. while this doesn't require spending cuts, this mcconnell plan does have a catch. it would force very politically tough votes ahead of the 2012 election that republicans opposed to the debt ceiling could be on the record opposing, and also it's designed to then put the full responsibility of raising this debt ceiling of this new debt right in the lap of the president. there is some planning there. >> kate, how much do you understand what's going on here? obviously you've got the president, you have democrats, you have republicans, but republicans are even divided amongst themselves in this debate and it seems like there is a rift now between john
no way, that they're not happy with what speaker boehner put forward for them? >> look, that is a big part of whatever takes place here, because they'rele really digging in. there's some house members who say no new taxes whatsoever, even on the wealthy americans, and the president saying that you need to get some kind of revenue here in order to make the system work for the long term health of the economy. that's very important. what can they come up with that can woo over those republicans who are being very clear about not wanting those taxes to go up. >> dan lothian, thank you. >>> all right. so the two plans on the table right, the democratic backed senator reid plan and the republican led plan from senator -- speaker boehner. let's begin with senator reid's blueprint, cuts $2.7 trillion over the next decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican
of the big stories of the day. the debt talks. today's question -- what's the solution to the political stalemate in the kara costello has more. >> you're scratching your head over that one, aren't you? >> it's not an easy one. >> the never ending debt ceiling debate, you know the players, obama, canter, boehner, biden, the gang of six, the tea party. generally seeking you don't like them much, not necessarilily because republicans don't want to raise taxes or most democrats wants to protect entitlements but because they can't get it the together as in compromise and "let's make a deal" and americans are sick of it. according to an abc news "washington post" poll fully 80% of voters, 80%, are now dissatisfied or angry about the way the federal government is working. lawmakers are aware of how you feel. really, they are. what are they doing about it? calling each other names. democrats rolled out a video campaign citing reagan's long ago plea to raise the debt ceiling as an adult moment. >> the united states has a special responsibility to itself and the world to meet its obligations. it
's immediately when the adrenaline kicked in. we all knew this was going to be big. ai journalists believed it was going to be bad news. we felt the jury hadn't deliberated that long. as we wait for the judge, it's deathly silent in there. everybody is in there but nobody is saying a word. we saw the defense team, the prosecution. jose baez was late to arrive. then casey anthony came in all eyes laser fixed on her. and you could see this was a terrified young woman. you could see she was trembling. you could see the emotion in her face. you saw cheney mason, jose baez get down on bended knee and get very close to her and start talking to her. then the judge comes in, then the jury comes in and then you heard the verdict. complete change of emotions then from what you saw, from abject fear to what was just pure elation. and there she was holding on to the hand of jose baez. once everything will be read, no other sound in the courtroom except the sobbing of an entire defense team. it was like they all let out this great sob at once, and then you saw the piling on as they all began hugging and
could turn today into a big tease, we're hoping not but maybe. there's a 70% chance of bad weather so it might have to wait, then velshi waits. >>> the jobs report due out in a few hours. we expect it to be a lot better this time. cnn money predicting 125,000 jobs were added to the economy last month. adp, the private payroll company, yesterday said it counted 157,000 job added in june. both of those numbers blow away the figure for may. only 54,000 jobs created. remember, it takes 150,000 new jobs just to keep up with population growth in this country. we're also expecting the jobless rate to drop maybe a notch from 9.1% to 9%. of course, jobs, the economy, very political these days, right? president obama, congressional leaders are meeting again sunday to talk about raising the debt ceiling and cutting the deficit. the president has put social security and medicare on the table for changes. and he's hoping republicans will in turn support some tax reform. all this politically risky stuff. but obama says both sides are still far apart. here's the proof. >> i've also made clear that w
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, but never quite so close to default. since we've been accumulating a big national debt, congress has raised the debt ceiling just 78 times. since 1960 alone. since the nation's debt reached the $1 trillion mark in the early 1980s, look at how government borrowing has skyrocketed. climbing really at an ex exponential rate. how is $14 trillion in relation to how big the economy is. it's about 95% of the size of the whole economy. we're fast approaching rates not seen since way back in world war ii and the great depression. when the size of the debt limit and the national debt was actually bigger than our gdp. this is what economists call a debt crisis. america runs by borrowing money. right now, 38 cents is borrowed money. if the debt kreeling is not raised in time, the u.s. could default on some of the payments. that's the last thing we need, recovering from a recession. >> fomdominique strauss-kahn ma face new sexual assault charges even though the case in new york is falling apart. [ male announcer ] to the seekers of things which are one of a kind. the authentic, the rare, the hard to def
targeted, it's basically not a big deal, now he's realized what a catastrophic error of judgment that was because the woman that's replaced him on this inquiry, sue acres, is saying up to 4,000 people could have been targeted by the newspapers. >> what about the implications that this is not just the now defunct "news of the world," but other papers? >> yeah. i think this is really significant and really bad news for news international. it's no longer just confined to "news of the world," the paper that they closed down, realizing it had become toxic as a brand. it's now spread to "the sun" and "sunday times." both so far have not been shown to have used phone hacking, but they have been shown to use what, at best, slightly underhand techniques, at worst illegal activities to get information. "the sun" is maintaining it got the medical records without breaking the law. "the sunday times" saying there was a legitimate public interest in looking into gordon brown's bank details and so on on a tip, but there was some sort of corruption there or something which was all proved to be u
the -- prevent the u.s. from going into default. the big question is, can all of this be done by the critical august 2nd deadline? and what the white house has been clear to point out in the past, the president would be willing to support any kind of short-term deal for one or two days if they need to cross the ts and dot the is of a potential agreement. the president would be willing to embrace something like that. so that's what we'll be watching closely over the next few hours, fredricka. >> dan, despite the fact that they had a vote, kind of procedural vote on that senate majority leader harry reid's plan today, when nancy pelosi and reid went to the white house last night, was that the beginning of working out this kind of framework? >> reporter: well, it's unclear whether that was actually the beginning of, you know, working on the particular framework. what we do know is that they're looking at the last 24 hours as a period when significant progress was made. so whether it's direct talks that was taking place with democrats and the president or with republicans and the president, as ka
polo and he's now playing it himself. he's going up to the santa barbara club, and it's a big vip affair, very glamorous, but all in aid of his charity, the u.s. arm of his charity is being promoted here. it so will be interesting to see, and interesting to see who wins, because the duchess is going to present the trophy. and i'm sure she's hoping it will be her husband. and later on, susausan, a big r carpet event presented by bafta. there are hollywood a-listers going, but we don't know who. we've been given the list of uk young talent who will be presented to the a-listers, but we don't know who they are. the big rumors, jennifer lopez, nicole kidman, and tom hanks, but we haven't had that confirmed. there you go, david beckham meeting with the presence yesterday at the consul general's residence. >> we love seeing them. we just wondering what they're saying, david beckham and the prince. and you also mentioned street hockey, i can't imagine that. i think he's better fit for polo, right wm. >> absolutely. and they were in dragon boats as well at one point. they're both very com
than slaughter dozens of people. >>> bp has a big turnaround. the company raked in more than $22 billion in profits for the quarter! >>> the debt, minute-by-minute, the nation inches closer to the brink of twault. the countdown less than seven full days before the federal government runs out of money and unable to pay its bills. in washington a stark message is delivered between the president and the speaker of the house. their parties are desperately divided and you and i are about to pay the price. we are covering all of the angles from wall street to the white house. ali velshi getting really creative and looking at the cost americans could face even before time officially runs out. of course, dan lothian with the politics and the posturing. ali, let's start with you. the markets open this hour, okay? how is the debt issue going to impact things today and the rest of the week? i know yesterday, you kept saying give me a little more time and i'll let you know when to worry but how many times can we say that? we are not worried yet. we are watching. i'm watching this every minut
problem. >> i could go on and on. tom says the fault lies with the system that allows big money, party loyalty and special interests to decide who gets elected. how we started moving down this path. >> very thoughtful responses from all of you. thank you very much. that's it for us. we'll be back tomorrow morning at 6:00 am eastern. >> cnn newsroom with kyra phillips starts right now. hi, kyra. >> hi, guys. good morning. >>> two breaking news stories this morning. first of all, the nfl, it looks like, they might have come together on a deal here. nfl.com is reporting that the players and the owners have agreed on something that will end the lockout. we're following it right now. we're just getting the information in. that means that the players vote will happen later today in more of a formal setting. training camp could start as early as wednesday now, we've been told. david mattingly has been following this for us. he has been live out of atlanta every day, at least he was last week when those negotiations were taking place. david, did you just get word that something came forward ju
astronauts, the crowds won't be nearly as big. >> our community is going to lose the gift of hundreds of thousands of motel rooms that we really didn't have to work very hard to fill. >> reporter: the town's identity will slip a little farther into the past. >> for me, it's probably going to be a lot of joy and a lot of sorrow, all at the same time. >> reporter: and when the tourists depart this time, all that will be left is a suddenly, shockingly, empty sky. >> to all our astronauts and all of you, thanks for joining us. we'll see you on launch day. "piers morgan tonight" starts right now. >>> six days until freedom. a judge throws the book at casey anthony, but with time served, she will two free next week. >> her release date has been calculated as july 13th, 2011. >> tonight, i'll ask the prosecutor what went wrong. >> in the real world, people within the their child to live. and casey clearly didn't. >> i'll ask the expert ifs the jury did the right thing. >> the jury wanted to say, show me, show me how she was killed. and show me the motive. why she was killed. >> a
't possibly have happened from the blast. but it was such a big explosion, brooke, that most people's recollection of it is pretty shaken. the police say they're trying to get bomb experts down there on the scene as quickly as possible to deal with that forensic evidence. because the m.o. they believe will help point to what kind of an organization could've triggered this attack. but at the moment, we've heard many conflicting reports. some eyewitnesss say they believe that bomb could've actually been inside the lobby of the building where the prime minister's office was. but all still incredibly unclear at the moment, brooke. >> still, nima, still no one coming forward claiming responsibility for this? >> not at the moment. we've seen a lot of chatter on a lot of the pro-jihad forums. you can appreciate they see this as reason to celebrate. many are saying this was in revenge for the bin laden killing. but no one actually definitively claiming responsibility. a lot of the intelligence sources i've been speaking to say they believe this is the kind of attack that something like al q
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